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ETFs

Invesco S&P 500 Momentum ETF

SPMO
$—
Today’s Change
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Snapshot
*

Inception Date
Oct 9, 2015
Expense Ratio
0.13%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,293,536
AUM
$206,009,873
Associated Index
S&P 500 Momentum Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with SPMO
Trade SPMO Options

What is SPMO?

The Invesco S&P 500 Momentum ETF (Fund) is based on the S&P 500 Momentum Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the S&P 500 Index that have a high "momentum score". The Fund and Index are reconstituted and rebalanced twice a year on the third Fridays of March and September. Constituents are weighted by their market capitalization and their momentum score.

1M
3M
6M
YTD
1Y
3Y
Max
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SPMO
Performance Measures**

for the time period Oct 12, 2015 to Dec 5, 2025

Returns

1M Trailing Return: 0.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 3.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -30.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 20.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.93

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.58

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSPMO

ETFs correlated to SPMO include HDV, MGV, PWV

SPMO
Invesco Capital Management LLC - Invesco S&P 500 Momentum ETF
HDV
BlackRock Institutional Trust Company N.A. - iShares Core High Dividend ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
PWV
Invesco Capital Management LLC - Invesco Large Cap Value ETF
MTUM
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
DIVO
Amplify ETF Trust - Amplify CPW Enhanced Dividend Income ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSPMO

Simple Momentum and Volatility ETFs | RSI Signal

Category

Tactical ETF rotation, Momentum, Mean reversion, Low-volatility tilt, Volatility hedge, Rules-based, Tech tilt

OOS Cumulative Return

58.69%

Zero Leverage TQQQFTLTwOLCDD

Category

Tactical ETF rotation, trend-following, momentum, risk management, defensive tilt, rules-based

OOS Cumulative Return

37.49%

Create your own algorithmic trading strategy with SPMO using Composer

FAQ

SPMO is a US Equities ETF. The Invesco S&P 500 Momentum ETF (Fund) is based on the S&P 500 Momentum Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the S&P 500 Index that have a high "momentum score". The Fund and Index are reconstituted and rebalanced twice a year on the third Fridays of March and September. Constituents are weighted by their market capitalization and their momentum score.

SPMO tracks the S&P 500 Momentum Index.

No, SPMO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPMO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPMO is 0.0061%. This is the percent change in the value of SPMO over the most recent 1-month period. The 3-month return on SPMO is 0.0551%. This is the percent change in the value of SPMO over the most recent 3-month period.

The standard deviation of SPMO for the past year is 0.1499%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPMO include SPHQ, DSI, and QUAL.

ETFs correlated to SPMO include HDV, MGV, and PWV.

ETFs that are inversely correlated to SPMO include DXD, SDOW, and DOG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.